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8 PMI 50.9 7 0.2 48.3 50 18 25.017 0.4 28.1 8 17.07 17.2 8 2011 8 +6.24 6 6 8 13.4 3.02 2

2 1 200009 3 1 1 1.61.7 1 5 3

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Emailchengjia_cui@cn.smbc.co.jp 2010 120202 25 EV 2 EV 1 PHEVPlugin Hybrid Electric VehicleEVElectric VehicleHEV Hybrid Electric Vehicle 2 5060km/h EV 3~5 5

3 62010 2 4 1 1 EV HEV 5 3 6 4 5 / HEV 6

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CNY SMBC September 2011 PMI 1USD=CNY 100JPY=CNY 1CNY=JPY Sep27 6.3992 End of Quarter 8.3719 E of Q 11.95 E of Q 6.56% End of Quarter SMBC Bloomberg SMBC SMBC SMBC SMBC SMBC SMBC Bloomberg 11Q3 6.4000 6.3800 6.3970 6.4970 8.3550 8.0550 8.6570 12.00 11.60 12.50 6.56% 6.69% 11Q4 6.3200 6.3100 6.3170 6.4150 8.0200 7.7320 8.4390 12.50 11.90 13.00 6.56% 6.69% 12Q1 6.2400 6.2500 6.2370 6.3340 7.8690 7.5860 8.1530 12.70 12.30 13.20 6.56% 6.69% 12Q2 6.1800 6.1800 6.1770 6.2730 7.5640 7.2920 7.9480 13.20 12.70 13.70 6.56% 6.69% 12Q3 6.1200 6.1200 6.1170 6.2120 7.4360 7.1690 7.7040 13.40 12.90 13.90 6.81% 6.94% 12Q4 6.0600 6.0600 6.0570 6.1510 7.2230 6.9630 7.4840 13.80 13.30 14.30 7.06% 7.19%, SMBC Singapore JFMAMJJASONDJFMAMJJAS, CFETS 01 02 03 04 05 06 07 08 09 10 11 01 02 03 04 05 06 07 08 09 10 11 6.85 6.80 6.75 6.70 6.65 6.60 6.55 6.50 6.45 6.40 6.35 6.30 3300 6000 3200 5500 3100 5000 3000 4500 4000 2900 3500 2800 3000 2700 2500 2600 2000 2500 1500 2400 1000 2300 500 JFMAMJJASONDJFMAMJJAS 01 02 03 04 05 06 07 08 09 10 11 JFMAMJJASONDJFMAMJJAS 120 118 116 114 112 110 108 106 104 102 100 98 96 94 92 90 01 02 03 04 05 06 07 08 09 10 11 14 8.4 8.2 8.0 7.8 7.6 7.4 7.2 7.0 6.8 6.6 6.4 6.2 122 120 118 116 114 112 110 108 106 104 102 100 98 96 94 92 90 88 86 JFMAMJJASONDJFMAMJJAS 8.50 8.40 8.30 8.20 8.10 8.00 7.90 7.80 7.70 7.60 7.50 7.40 7.30 7.20 7.10 6.5% 6.0% 5.5% 5.0% 4.5% 4.0% 3.5% 3.0% 2.5% 2.0% 1.5% 90.31% 927 1 1NDF 1.60%8 24.5% CFLPPMI 48.320094 50 9HSBCPMI 49.4

TWD SMBC September 2011 94.7% 1USD=TWD 100JPY=TWD 1TWD=JPY Sep27 30.46 End of Quarter 39.86 E of Q 2.5090 E of Q 1.875% End of Quarter SMBC Bloomberg SMBC SMBC SMBC SMBC SMBC SMBC Bloomberg 11Q3 30.50 28.70 29.80 31.30 39.80 38.20 41.60 2.5110 2.4010 2.6110 1.875% 2.000% 11Q4 30.90 28.50 30.20 31.80 39.20 37.60 41.00 2.5500 2.4380 2.6520 1.875% 2.125% 12Q1 31.00 28.60 30.30 31.90 39.10 37.50 40.90 2.5580 2.4460 2.6600 1.875% 2.250% 12Q2 31.10 28.30 30.40 32.00 38.10 36.50 39.80 2.6270 2.5120 2.7320 1.875% 2.375% 12Q3 31.30 27.95 30.60 32.20 38.00 36.40 39.70 2.6290 2.5140 2.7340 2.000% 2.500% 12Q4 31.60 27.80 30.90 32.50 37.70 36.10 39.40 2.6550 2.5390 2.7610 2.125%, SMBC Singapore 32.5 35.5 40.5 35.0 40.0 32.0 34.5 39.5 31.5 34.0 39.0 33.5 38.5 38.0 31.0 33.0 37.5 32.5 37.0 30.5 32.0 36.5 31.5 30.0 36.0 31.0 35.5 29.5 30.5 35.0 30.0 34.5 29.0 29.5 34.0 29.0 33.5 28.5 28.5 33.0 JFMAMJJASONDJFMAMJJAS 01 02 03 04 05 06 07 08 09 10 11 JFMAMJJASONDJFMAMJJAS, Taipei Forex Inc. 9200 10000 9000 9500 8800 9000 8600 8500 8400 8000 8200 7500 8000 7000 7800 6500 7600 6000 7400 5500 7200 5000 7000 4500 6800 4000 6600 3500 JFMAMJJASONDJFMAMJJAS 01 02 03 04 05 06 07 08 09 10 11 JFMAMJJASONDJFMAMJJAS 01 02 03 04 05 06 07 08 09 10 11 102 101 100 99 98 97 96 95 94 93 92 91 90 89 88 87 86 85 84 83 82 81 01 02 03 04 05 06 07 08 09 10 11 0.85% 0.80% 0.75% 0.70% 0.65% 0.60% 0.55% 0.50% 0.45% 15 106 104 102 100 98 96 94 92 90 88 86 84 82 80 78 76 74 72 70 94.71% 927 199710 2012 929 201221.875%

HKD SMBC September 2011 GDP1 1USD=HKD 100JPY=HKD 1HKD=JPY Sep27 7.7934 End of Quarter 10.1969 E of Q 9.81 E of Q 0.50% End of Quarter SMBC Bloomberg SMBC SMBC SMBC SMBC SMBC SMBC Bloomberg 11Q3 7.8000 7.7800 7.7500 7.8500 10.1830 9.7350 10.4620 9.80 9.50 10.30 0.50% 11Q4 7.8000 7.7800 7.7500 7.8500 9.8980 9.4630 10.2860 10.10 9.80 10.60 0.50% 12Q1 7.8000 7.7800 7.7500 7.8500 9.8360 9.4040 10.1050 10.20 9.90 10.70 0.50% 12Q2 7.8000 7.7700 7.7500 7.8500 9.5470 9.1270 9.9350 10.50 10.20 11.00 0.50% 12Q3 7.8000 7.7700 7.7500 7.8500 9.4780 9.0610 9.7370 10.60 10.30 11.10 0.50% 12Q4 7.8000 7.7900 7.7500 7.8500 9.2970 8.8880 9.5510 10.80 10.50 11.30 0.50%, SMBC Singapore JFMAMJJASONDJFMAMJJAS 01 02 03 04 05 06 07 08 09 10 11 25500 32000 25000 30000 24500 24000 28000 23500 26000 23000 22500 24000 22000 22000 21500 20000 21000 20500 18000 20000 16000 19500 19000 14000 18500 12000 18000 17500 10000 17000 8000 JFMAMJJASONDJFMAMJJAS 01 02 03 04 05 06 07 08 09 10 11 JFMAMJJASONDJFMAMJJAS 01 02 03 04 05 06 07 08 09 10 11 7.810 7.805 7.800 7.795 7.790 7.785 7.780 7.775 7.770 7.765 7.760 7.755 7.750 7.745 108 106 104 102 100 98 96 94 92 90 88 86 84 82 80 78 01 02 03 04 05 06 07 08 09 10 11 16 7.84 7.83 7.82 7.81 7.80 7.79 7.78 7.77 7.76 7.75 7.74 7.73 7.72 7.71 7.70 115 110 105 100 95 90 85 80 75 70 65 JFMAMJJASONDJFMAMJJAS 10.6 10.4 10.2 10.0 9.8 9.6 9.4 9.2 9.0 8.8 8.6 8.4 8.2 8.0 0.60% 0.55% 0.50% 0.45% 0.40% 0.35% 0.30% 0.25% 0.20% 0.15% 0.10% 8HSBC/Markit PMI47.851.4PMI 5050 20096 25.1% GDP 2012Q1+4.6%2 20115.7%20125.3%IMF 5.3%4.3%